#United States #California #Sabio Holdings #Q4 Financials #ad-tech

Sabio Achieves Record Financial Success in FY2024

Sabio Holdings Inc., a prominent player in the ad-tech sector based out of California, has recently unveiled its preliminary financial results for the fourth quarter and fiscal year 2024, highlighting remarkable growth and achievement. The company's innovative approach in delivering targeted advertisements to major brands has not only revolutionized its strategies but has significantly boosted its revenue performance.

Unprecedented Revenue Growth

In FY2024, Sabio reported consolidated revenues ranging between $49.3 million and $49.5 million, marking an impressive 37% increase compared to the previous year. This growth trajectory underscores the company's successful pivot towards ad-supported streaming, which continues to flourish with double-digit growth rates. CFO Sajid Premji noted, "We are thrilled to announce the best quarterly and annual results in Sabio's history, bringing in nearly CAD $70 million in revenue."

Stellar Quarterly Performance

The fourth quarter alone was a standout period with projected revenues between $18.0 million to $18.2 million, reflecting a dramatic increase of over 42% from $12.7 million in Q4 2023. This accomplishment emphasizes Sabio's adaptability and commitment to capitalizing on the expanding ad-supported streaming market. Among this surge, political advertising contributed approximately $2.4 million to $2.5 million to the Q4 revenues, showcasing the diverse strategies implemented by the company.

Improved Profit Margins

Sabio's gross profit margin for Q4-2024 is projected to remain stable between 59% to 61%, maintaining the previous year's performance. However, the real highlight rests in the Adjusted EBITDA for the same period, expected to be between $2.6 million and $2.8 million, establishing it as the most profitable quarter in Sabio's history, compared to $2.1 million in Q4 2023.

The Adjusted EBITDA margins for fiscal 2024 will reach approximately 7% to 8%, compared to an Adjusted EBITDA loss of approximately $1.8 million in the prior year. Such metrics highlight the effectiveness of Sabio's cost management strategies while simultaneously investing in growth initiatives.

Strong Financial Position

By the end of FY2024, Sabio anticipates concluding with $3.3 million in cash reserves and an outstanding debt of approximately $5.2 million, a notable reduction from $7.1 million in the previous year. This improvement reflects the company's strategic realignment towards financial stability and operational efficiency.

Furthermore, the company boasts an impressive customer retention rate of over 85%, a testament to the value and quality of service it provides to its clients. Sabio's foresight into customer relationships and market needs underscores its role as a leader in the ad-tech landscape.

Looking Ahead

As Sabio prepares for the audited release of its fiscal year 2024 results by April 30, 2025, the company aims to maintain this momentum with a strong immediate outlook for Q1 2025. Registrations for an investor conference call are planned, where further details on these impressive results and future strategies will be shared.

In conclusion, Sabio Holdings has demonstrated an extraordinary capability to adapt and thrive within the increasingly competitive ad-tech market. With record revenues and significant profitability improvements, Sabio is poised to continue making strides in ad-supported streaming while laying the groundwork for future growth and expansion into international markets.